6th Nov 2012 15:43
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "the Company")
Frontier IP Group Plc announces Conditional Placing
Sigma, the property and urban regeneration specialist, notes the announcement issued today by its associate company, Frontier IP Group Plc ("Frontier IP"), which reports that Frontier IP has conditionally raised £608,000 by way of a placing of 6,080,000 new ordinary shares at 10 pence per share.
Sigma anticipates that, following admission of the Frontier IP new ordinary shares to AIM, which is expected on 3 December 2012, the Company's shareholding in Frontier IP will be approximately 26.86% (currently 46.69%).
Full details of the placing are set out in a circular to Frontier IP shareholders, which will be available shortly on Frontier IP's website at www.frontierip.co.uk.
Enquiries
Sigma Capital Group plc | Graham Barnet, Chief Executive Marilyn Cole, Finance Director | T: 0131 220 9444 |
Biddicks | Katie Tzouliadis | T: 020 3178 6378 |
N+1 Singer | James Maxwell/Nick Donovan | T: 0203 205 7500 |
Company website: www.sigmacapital.co.uk
Related Shares:
SGM.L